2024-06-14 13:00:00 CEST

2024-06-14 13:00:11 CEST


Exel Composites Oyj - Total number of voting rights and capital

New shares of Exel Composites Plc registered with the Finnish Trade Register



As previously announced, Exel Composites Plc (the “Company”) has completed its
rights issue (the “Offering”) where the Company offered for subscription, based
on pre-emptive rights for existing shareholders, a maximum of 94,831,552 new
shares in the Company (the “Offer Shares”). The Company announced the final
results of the Offering on 13 June 2024.

A total of 94,831,552 Offer Shares subscribed for in the Offering have been
registered with the Trade Register maintained by the Finnish Patent and
Registration Office today on 14 June 2024. Following the registration of the
Offer Shares, the total number of issued shares in the Company is 106,728,395,
of which 42,899 shares are held by the Company.

The Offer Shares confer the same rights as the Company's other shares, after
being delivered on the investor's book-entry account and recorded in the
Company's shareholder register maintained by Euroclear Finland Oy, on or about
17 June 2024. Trading in the Offer Shares is expected to commence on the
official list of Nasdaq Helsinki Ltd or about 17 June 2024.

Additional Information:

Lilli Riikonen, Head of Investor Relations


tel. +358 50 351 1128


Nasdaq Helsinki

Exel Composites in brief

Exel Composites is one of the largest manufacturers of composite profiles and
tubes made with pultrusion and pullwinding technologies and a pultrusion
technology forerunner in the global composite market. Our forward-thinking
composite solutions made with continuous manufacturing technologies serve
customers in a wide range of industries around the world. You can find our
products used in applications in diverse industrial sectors such as wind power,
transportation and building and infrastructure.

Our R&D expertise, collaborative approach and global footprint set us apart from
our competition. Our composite solutions help customers save resources, reduce
products' weight, improve performance and energy efficiency, and decrease total
lifetime costs. We want to be the first choice for sustainable composite
solutions globally.

Headquartered in Finland, Exel Composites employs over 600 forward-thinking
professionals around the world and is listed on Nasdaq Helsinki. To find out
more about our offering and company please visit visit www.exelcomposites.com.


This release is not an offer for sale of securities in the United States.
Securities may not be sold in the United States absent registration with the
United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. The Company does
not intend to register any part of the Offering in the United States or to
conduct a public offering of securities in the United States.

The distribution of this release may be restricted by law, and persons into
whose possession any document or other information referred to herein comes
should inform themselves about and observe any such restrictions. The
information contained herein is not for publication or distribution, directly or
indirectly, in or into United States, Australia, Canada, Hong Kong, Japan, New
Zealand, Singapore or South Africa. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction. This release is not directed to, and is not intended for
distribution to or use by, any person or entity that is a citizen or resident or
located in any locality, state, country or other jurisdiction where such
distribution, publication, availability or use would be contrary to law or
regulation or which would require any registration or licensing within such

In any EEA Member State, other than Finland, and in the United Kingdom this
release is only addressed to and is only directed at qualified investors in that
Member State or in the United Kingdom within the meaning of Regulation (EU)
2017/1129 (the “Prospectus Regulation”), which forms part of domestic law in the
United Kingdom by virtue of the European Union (Withdrawal) Act 2018.

This release is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or are qualified investors within the meaning
of the Prospectus Regulation as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018 and are also; (ii) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth
companies, and other persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order (all such persons together being
referred to as “relevant persons”). Any securities mentioned herein are only
available to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on this
release or any of its contents.

This release does not constitute a prospectus as defined in the Prospectus
Regulation and as such, does not constitute or form part of and should not be
construed as, an offer to sell, or the solicitation or invitation of any offer
to buy, acquire or subscribe for, any securities or an inducement to enter into
investment activity.

Full terms, conditions and instructions for the Offering are included in the
prospectus that has been prepared by the Company in connection with the
Offering. The Finnish-language prospectus is available on the Company's website
at https://investors-fi.exelcomposites.com/osakeanti.

An investor is advised to read the prospectus before making an investment
decision to fully understand the risks and rewards associated with the
investment. The approval by the Finnish Financial Supervisory Authority of the
prospectus shall not be considered as an endorsement of the securities offered.

No part of this release, nor the fact of its distribution, should form the basis
of, or be relied on in connection with, any contract or commitment or investment
decision whatsoever. The information contained in this release has not been
independently verified. No representation, warranty or undertaking, expressed or
implied, is made as to, and no reliance should be placed on, the fairness,
accuracy, completeness or correctness of the information or the opinions
contained herein. The Company or any of its respective affiliates, advisors or
representatives or any other person, shall have no liability whatsoever (in
negligence or otherwise) for any loss however arising from any use of this
release or its contents or otherwise arising in connection with this release.
Each person must rely on their own examination and analysis of the Company, its
subsidiaries, its securities and the Offering, including the merits and risks

The Joint Global Coordinators are acting exclusively for the Company and no one
else in connection with the Offering. They will not regard any other person as
their respective client in relation to the Offering. The Joint Global
Coordinators will not be responsible to anyone other than the Company for
providing the protections afforded to their respective clients nor for giving
advice in relation to the Offering or any transaction or arrangement referred to

This release includes “forward-looking statements.” These statements may not be
based on historical facts, but are statements about future expectations. When
used in this release, the words “aims,” “anticipates,” “assumes,” “believes,”
“could,” “estimates,” “expects,” “intends,” “may,” “plans,” “should,” “will,”
“would” and similar expressions as they relate to the Company and the Offering
identify certain of these forward-looking statements. Other forward-looking
statements can be identified in the context in which the statements are made.
These forward-looking statements are based on present plans, estimates,
projections and expectations and are not guarantees of future performance. They
are based on certain expectations, which, even though they seem to be reasonable
at present, may turn out to be incorrect. Such forward-looking statements are
based on assumptions and are subject to various risks and uncertainties. Readers
should not rely on these forward-looking statements. Numerous factors may cause
the actual results of operations or financial condition of the Company to differ
materially from those expressed or implied in the forward-looking statements.
The Company or any of its affiliates, advisors or representatives or any other
person undertakes no obligation to review or confirm or to release publicly any
revisions to any forward-looking statements to reflect events that occur or
circumstances that arise after the date of this release.